Maui Land & Pineapple (NYSE:MLP) CEO Acquires $42,720.00 in Stock

Maui Land & Pineapple Company, Inc. (NYSE:MLP) CEO Race Randle acquired 3,000 shares of the stock in a transaction on Thursday, November 20th. The shares were purchased at an average price of $14.24 per share, with a total value of $42,720.00. Following the completion of the transaction, the chief executive officer owned 54,597 shares of the company’s stock, valued at approximately $777,461.28. This represents a 5.81% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

Maui Land & Pineapple Price Performance

Shares of MLP stock traded up $0.71 during trading hours on Monday, reaching $15.17. The company’s stock had a trading volume of 28,436 shares, compared to its average volume of 18,719. The firm’s 50 day simple moving average is $16.65 and its 200-day simple moving average is $16.84. The company has a market capitalization of $299.53 million, a price-to-earnings ratio of -21.37 and a beta of 0.75. Maui Land & Pineapple Company, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $24.49. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.01.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wall Street Zen cut Maui Land & Pineapple from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Maui Land & Pineapple in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Strs Ohio bought a new position in Maui Land & Pineapple in the 1st quarter valued at approximately $26,000. Tower Research Capital LLC TRC increased its position in Maui Land & Pineapple by 339.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 2,177 shares during the period. Deutsche Bank AG raised its stake in shares of Maui Land & Pineapple by 233.2% during the first quarter. Deutsche Bank AG now owns 6,868 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 4,807 shares during the last quarter. Nuveen LLC acquired a new position in shares of Maui Land & Pineapple during the first quarter worth $181,000. Finally, Diametric Capital LP acquired a new position in shares of Maui Land & Pineapple during the second quarter worth $198,000. Institutional investors and hedge funds own 24.55% of the company’s stock.

Maui Land & Pineapple Company Profile

Maui Land & Pineapple Co, Inc is a landholding and operating company, which engages in the development, sale, and management of real estate. It operates through the following segments: Real Estate, Leasing, and Resort Amenities. The Real Estate segment includes land planning and entitlement, development, and sales activities.